Stockholders did not approve a proposal to amend the Company’s by-laws to require the Chairman of the Board to be an independent director. Stockholders also did not approve a proposal requesting that the Company provide a semi-annual report disclosing its political contributions and expenditures.
The 19 nominees elected to the Wells Fargo Board are:
John D. Baker II, president and CEO of Patriot Transportation Holding, Inc, Jacksonville, Florida;
John S. Chen, chairman, president and CEO of Sybase, Inc., Dublin, California;
Lloyd H. Dean, president and CEO of Catholic Healthcare West, San Francisco;
Susan E. Engel, retired chairwoman and CEO of Lenox Group Inc., Eden Prairie, Minnesota;
Enrique Hernandez, Jr., chairman, president and CEO of Inter-Con Security Systems, Inc., Pasadena, California;
Donald M. James, chairman and CEO of Vulcan Materials Company, Birmingham, Alabama;
Robert L. Joss, Philip H. Knight professor and dean of the Graduate School of Business at Stanford University, Palo Alto, California;
Richard M. Kovacevich, chairman of Wells Fargo;
Richard D. McCormick, chairman emeritus of US WEST, Inc., Denver, Colorado;
Mackey J. McDonald, retired chairman and CEO of VF Corporation, Greensboro, North Carolina;
Cynthia H. Milligan, dean of the College of Business Administration at the University of Nebraska-Lincoln;
Nicholas G. Moore, retired global chairman of PricewaterhouseCoopers, New York;
Philip J. Quigley, retired chairman, president and CEO of Pacific Telesis Group, San Francisco;
Donald B. Rice, president and CEO of Agensys, Inc., Santa Monica, California;
Judith M. Runstad, of counsel to Foster Pepper PLLC, Seattle, Washington;
Stephen W. Sanger, retired chairman and CEO of General Mills, Inc., Minneapolis, Minnesota;
Robert K. Steel, former president and CEO of Wachovia Corporation, Charlotte, North Carolina;
John G. Stumpf, president and CEO of Wells Fargo;
Susan G. Swenson, president and CEO of Sage Software Inc., the North American operations of The Sage Group PLC, United Kingdom.
About Wells Fargo
Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,400 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.